We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Wed 6 Apr 2011 04:29 PM

Font Size

- Aa +

Kuwait in talks on importing gas from Iraq

Kuwait may start importing Iraqi gas in next 12-18 months; amount of purchase not yet determined

Kuwait in talks on importing gas from Iraq
Kuwait is in negotiations with international oil companies to import gas from Iraq (Bloomberg Images)

Kuwait is in
negotiations with international oil companies to import gas from Iraq,
unidentified sources said in published remarks on Wednesday.

"Kuwait
is not negotiating with the Iraqi government in this regard, but with
International oil companies in Iraq that are developing oil and gas fields
there," Kuwaiti newspaper Al Jarida cited one source as saying.

The sources
told the paper that Kuwait hoped to start importing Iraqi gas in the next 12 to
18 months but that the amount it would purchase had not yet been determined.

The Gulf
Arab state does not have enough natural gas to meet power demand and burns a
large volume of oil products at power stations. Like its oil-exporting
neighbours, Kuwait has been slow to develop its gas reserves to meet domestic
demand.

Kuwait said
last year it planned to produce more than 4 billion cubic feet per day (cfd) of
gas by 2030.

On Tuesday,
Hashim Al Rifai, Kuwait Petroleum Corp's planning director, said Kuwait had
increased imports of liquefied natural gas (LNG) to help meet local demand.
Rifai said the county will import 0.5 billion cfd of LNG from March to November
this year.

A number of
international energy firms are working in Iraq to redevelop the country's aging
oil fields and expand natural gas production to help meet local power demand.

Arabian Business: why we're going behind a paywall

For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.